THOMPSON, JOHN

Operated by VERADO ENERGY, INC. (P-5 884563) in the OAK HILL (COTTON VALLEY) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 189888District 06Field 664612752 tax incentive programmesCondensateGasSaveExport
Value, all time
$3.1 M
May 2002 – Mar 2014
Value, last 12 filed months
$3 k
at the published price for each month
Months reported
143
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 2,275 leases and 2,276 wells, and the rule below applies to all of them.

Discovered
1976-11-17
as the register files it
Field class
Oil and gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
330 ft
minimum

A drilling unit in this field needs at least 20 acres. The field rule took effect on 2018-03-20.

The Commission's schedule remark for this field reads: FIELD. EFFECTIVE 4/12/16.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas112002-09-30148875
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition965 bbl$38,915
GasProduction536,867 Mcf$3,092,358
Total$3,131,273

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 32.3536, -94.6399. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

32.35356, -94.63987 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
100.0%
1 of 1 wells
With a plug date
100.0%
1 of 1 wells
Median depth
10,685 ft
1 wells filed one
Completion to plug
11.8 years
median over 1 well

What the state filed about each well

On the RRC proration schedule
1100.0%
A plug date is filed
1100.0%
BothOn the schedule and plugged. Neither fact cancels the other.
1100.0%
NeitherNo plug date, and not on the schedule.
00.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 10,685 ft.

Completions filed
May 2002
1 of 1 wells
Plug dates filed
Mar 2014
1 of 1 wells

Last completion to plug: a median of 11.8 years across the 1 well that filed both dates, with the middle half between 11.8 years and 11.8 years. The gap is the distance between two filed dates. It is not a statement of how long the well produced.

1 well

42-40133150410,685 ftMay 2002Mar 2014Yes

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (143)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

143 months

Mar 20140095.895.06$0
Feb 201420097.406.19$1,948
Jan 20140090.404.86$0
Dec 20130091.824.35$0
Nov 20130088.853.74$0
Oct 20130097.423.78$0
Sep 201300104.113.72$0
Aug 201300104.253.52$0
Jul 201300102.523.72$0
Jun 20130094.403.93$0
May 20130094.834.15$0
Apr 2013018093.964.28$771
Mar 2013033493.623.91$1,307
Feb 2013024191.233.42$824
Jan 2013011791.603.42$400
Dec 2012022186.773.42$756
Nov 2012030286.953.62$1,095
Oct 2012035289.383.40$1,197
Sep 2012030994.672.92$902
Aug 2012051092.662.91$1,483
Jul 2012043985.133.02$1,326
Jun 2012057479.822.52$1,446
May 2012024691.612.49$612
Apr 20120250101.652.00$499
Mar 20120127105.052.22$282
Feb 20120139101.102.57$357
Jan 2012015098.092.73$410
Dec 2011062596.873.24$2,025
Nov 2011027895.723.31$921
Oct 2011067784.983.65$2,470
Sep 201101,00683.623.99$4,010
Aug 2011096783.404.15$4,012
Jul 2011086194.144.52$3,889
Jun 2011072592.904.64$3,364
May 2011079898.134.40$3,515
Apr 20110777105.964.33$3,367
Mar 2011070096.364.06$2,840
Feb 2011059485.644.18$2,483
Jan 20113069086.504.59$5,761
Dec 2010167085.734.35$2,999
Nov 2010061080.843.80$2,315
Oct 2010089878.103.51$3,151
Sep 201001,10572.633.98$4,397
Aug 201001,15773.684.42$5,113
Jul 2010092672.554.74$4,386
Jun 201011,10470.364.91$5,491
May 201001,08971.124.24$4,612
Apr 2010079581.694.12$3,278
Mar 2010077678.394.39$3,406
Feb 2010094473.585.44$5,138
Jan 201001,16374.365.96$6,936
Dec 200901,22471.445.48$6,712
Nov 200901,36174.593.75$5,106
Oct 200901,35372.544.11$5,561
Sep 200901,00165.543.06$3,068
Aug 200901,25467.423.22$4,036
Jul 200901,48061.133.46$5,127
Jun 200901,79466.163.90$6,988
May 2009312,27854.743.93$10,640
Apr 200902,27846.773.59$8,172
Mar 200902,37042.144.06$9,620
Feb 200901,41932.814.63$6,574
Jan 200901,74135.865.37$9,351
Dec 200801,56137.105.98$9,330
Nov 200801,61255.496.86$11,059
Oct 200801,73275.246.92$11,989
Sep 200801,723101.767.88$13,572
Aug 200801,977114.228.48$16,771
Jul 200801,770131.0811.39$20,159
Jun 200801,644131.3313.03$21,426
May 200801,896123.1711.57$21,945
Apr 200801,773110.3110.45$18,536
Mar 2008401,916101.909.66$22,592
Feb 200801,81792.538.77$15,936
Jan 200802,29190.388.21$18,799
Dec 200702,60488.337.30$19,014
Nov 200702,82591.677.29$20,599
Oct 200702,85282.856.92$19,741
Sep 200702,80775.846.24$17,527
Aug 200703,03269.066.39$19,368
Jul 200703,06970.906.39$19,605
Jun 200703,32062.007.55$25,061
May 200703,32858.747.85$26,112
Apr 200702,40659.617.81$18,779
Mar 200703,58056.927.30$26,141
Feb 2007602,95755.108.22$27,601
Jan 2007553,57250.306.73$26,795
Dec 200604,32756.656.92$29,936
Nov 200603,63354.207.62$27,674
Oct 200613,88754.906.01$23,431
Sep 200624,27660.085.04$21,659
Aug 200603,99268.717.34$29,301
Jul 200604,20869.376.34$26,690
Jun 200604,19666.286.38$26,787
May 200604,48466.016.42$28,810
Apr 200604,39164.397.36$32,320
Mar 200604,51456.707.08$31,972
Feb 200603,70457.597.75$28,710
Jan 200604,77860.598.93$42,683
Dec 200504,39054.9413.42$58,894
Nov 2005566,74154.6910.59$74,439
Oct 200504,31458.3413.80$59,515
Sep 200504,95661.4512.08$59,864
Aug 200504,88861.519.80$47,887
Jul 200504,84155.697.84$37,971
Jun 200505,50052.337.38$40,596
May 200505,05645.226.65$33,628
Apr 2005434,56049.207.36$35,679
Mar 200505,26650.377.15$37,678
Feb 200505,04345.226.31$31,831
Jan 200505,82743.166.32$36,839
Dec 200405,94339.866.75$40,122
Nov 200405,66945.286.33$35,887
Oct 200404,04149.706.52$26,328
Sep 200404,50843.245.28$23,820
Aug 200405,15142.375.55$28,591
Jul 200405,80838.286.08$35,337
Jun 200405,77136.106.43$37,125
May 200405,93337.486.49$38,532
Apr 200405,88234.475.86$34,459
Mar 2004506,42834.365.53$37,266
Feb 200406,05832.455.51$33,377
Jan 200407,15032.036.30$45,042
Dec 2003517,20630.266.30$46,953
Nov 200307,44728.804.60$34,220
Oct 200307,89028.174.76$37,554
Sep 2003587,80626.314.75$38,599
Aug 200308,38229.765.13$42,997
Jul 200308,68029.415.17$44,883
Jun 2003568,80228.565.98$54,261
May 200309,62926.595.97$57,511
Apr 2003559,59526.675.41$53,350
Mar 2003010,09331.146.10$61,527
Feb 200308,91433.487.93$70,651
Jan 20035410,79530.315.58$61,895
Dec 2002010,30426.914.85$50,013
Nov 20026112,76724.664.14$54,321
Oct 2002014,32526.464.23$60,582
Sep 20026515,86627.443.64$59,460
Aug 2002014,91125.963.16$47,181
Jul 20026918,81124.583.06$59,291
Jun 20027624,66823.733.34$84,151
May 20023037,81924.663.58$136,283

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

Feb 2014 — as filed, then multipliedworked
Condensate            20 bbl  × $ 97.40 =     $1,948
Gas                    0 Mcf  × $  6.19 =         $0

────────────────────────────────────────────────────
Month total                                   $1,948

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 06/G/189888 is the state's own key, not one this site invented.